778. Gold Coast Modern Bar & Restaurant $250,000+stock

AFW Professional Business Brokers.docxThe modern Bar & restaurant located in a busy center in Gold Coast in a luxury, relaxed environment

– The owner has been successfully managing the restaurant longer than 10 years

-It can be converted into an Indian or Asian Restaurant as the location and potential in this hot area for tourists

– Trading for 7 days, from 7am to 10pm, liquor license can trade till 1am

– The restaurant is one of the most busiest restaurant in surfers paradise.

– yearly turn over is around $1.4 Million

– yearly rent is around $159,000

– Lease expire in 2022 plus 5 years option with 3% increase per year

– Provides breakfast lunch and dinner, services includes catering, takeaway, table service, bookings, group or parties booking, indoor outdoor seating.

– Selling modern cuisine with alcohol

– Food costs around 30% and staff wages around 29%

– Yearly net profit is around $250,000 inclusive one owner’s wage

– Listing price $250,000 +stock

Please contact Joe on 0435 860 911 for inspection.